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john mccain who said this morning this is going to cost a million jobs if we do the sequester. i happen to think that's a highest mat but it's not just democrats. >> with all respect to john mccain, his record may be worse than the cato institute and mine. >> spending was cut from 22% of gdp to 18% of gdp. spending was cut a lot, those are big numbers and guess, what the economy boomed. sometimes if you leave capital in private hand, you get a better economy. >> larry, let me just say -- >> i got to get out of here. >> i am all for the government getting out of the way, it's a matter of a hippocratic oath, do no harm. >> did you say a hypocritical oath? let me get this right. >> hippocratical. >> economic news was mixed but i think the bullish fundamentals still look good and i have a fair and balanced question for everybody out there. can we call this the obama rally? that's right. i'm going to ask that question. later on in the show, she's the woman a lot of democrats and republicans say would have made the best next a second. she joins us later this how to talk about why defense cuts
is revenue. >> john mccain was very clear about this over weekend. he said he would not give the president all that flexibility. mccain basically said let's just give him all the money and be done with it. >> well, what mccain said is he's very worried about what the president would cut on the defense side. that's what john mccain is afraid of. but i think that's where congress and the president ought to be negotiating right now is on the flexibility. not on the cuts. >> all right. we're going to come back to this. jeff hensarling, mr. chairman, good luck on your first hearing. >> you're doing great! >> thank you, kay. >> we may have heard the most dire sequester scare tactic of them all today. it came from janet napolitano. please take a look at this. >> i don't think we can maintain the same level of security at all places around the country with sequester as without sequester. >> with all due respect to secretary napolitano and my friend steve mcmahon, she neglected to tell us that even with the sequester, her budget will be larger this year than it was last year. if she could defend us
nominated two bushes, john mccain and mitt romney, all men by vast degrees to the left of reagan. >> i agree with what you are saying, craig. there is a point that reagan was a person who could compromise with democrats. he did it with tip o'neal. reagan not only cut taxes but raised tack. he was a complex person, optimistic, forward-looking. he could actually do imkbrags reform. he believed in the earned income tax credit. he was a person who proposed ideas and policies that would not necessarily be consistent be with policies proposed by today's republicans. that's the point democrats are making. >> he wasn't a centrist. he was a conservative who was a populist. he wasn't a sucker. he never did the 82 deal with tip o'neal and wrote in his autobiography he had been suckered on that and would never engage -- >> he would never do that again. the tax stuff were with small revenue bills that had to do with cleaning up tax reform. david, today's republican crop. i would like you to hear the clips we have been playing. freedom, lower tax rates, smaller government and optimism. are republicans not
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